RE:RE:RE:Impact of US electionsMoriaDwarf wrote: Saints4 wrote: If the election is on Tuesday. How could there be a 5-10 percent decrease on monday if the election hasn't happened yet?
Saints...
My reasoning is that many many Americans are currently, and have been for a while, scared shitless by the possibility of Trump winning... Fear in the market means De-risking, that means Selling. Monday is their last chance...
MDwarf
...48 minutes and 37 reads later...
Well, since nobody brought it up, I will add that my previous reasoning is at least partly flawed...
Since the markets are open Tuesday and the election results won't be known before Tuesday late at night, it follows that my 5-10%predicted decline my be spread over two days (Monday and Tuesday)... Furthermore some news content on Tuesday might damp or stoke the fire of Fear...
So, after all, guess is a guess, I guess...;-)
MDwarf